Quick Read – RBC Capital raised Target (TGT) stock’s price target to $132 from $130 with an Outperform rating, signaling confidence that turnaround efforts are resonating before Q1 earnings. – RBC’s upgrade ahead of Q1 earnings reflects momentum from Target’s turnaround efforts,…
ough shares are already up 32% year-to-date and Target faces competitive headwinds as comparable store sales remain challenged. – Are you ahead, or behind on retirement? SmartAsset’s free tool can match you with a financial advisor in minutes to help you answer that today
Each advisor has been carefully vetted, and must act in your best interests. Don’t waste another minute; learn more here.(Sponsor) RBC Capital analyst Steven Shemesh raised the firm’s price target on Target (NYSE:TGT) stock to $132 from $130, maintaining an Outperform rating ahead of next week’s Q1 FY2026 earnings report. The firm stated it is “cautiously optimistic that turnaround efforts are beginning to resonate with the consumer.” A $2 bump rarely moves the needle on its own.
The story here is timing and tone: RBC nudged higher before the report on a name that has been a multi-year turnaround project, hinting that the bar for Q1 is rising. The Analyst’s Case Shemesh’s “resonating with the consumer” phrase reflects momentum building since late last year. Target closed Q4 FY2026 with adjusted EPS of $2.44, beating consensus of $2.16 by 13%, while gross margin expanded 40 basis points to 27%.